Note: Please be informed this article also refers to the step on how to create Deduction Rate and Daily Rate Description. You will just need to replace the Overtime keyword in the steps to Deduction Rate/Daily Rate if you are creating Deduction Rate/Daily Rate.
Step 1 , 2 & 3: Go to Payroll -> Overtime Setting -> Overtime Description Setting.
Step 5: Enter the name in the column 'Description'.
Step 6: Then enter the sequence number that you want this Overtime Description to appear on the list. For example, if you key in 1, then this Overtime Description will appear before other Overtime Descriptions that have sequence value more than 1.
Step 7: These columns (GL settings) are used for Accounting applications only.
Step 8: Click 'Save' and you have just created a new Overtime Description.